--- schema_version: "secwatch.filing_event.v1" accession: "0001140361-24-032015" form_type: "8-K" ticker: null cik: "0001820877" company_name: "Apartment Income REIT Corp." filed_at: "2024-07-01T23:59:59+00:00" generated_at: "2026-06-01T00:07:21.191625+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Blackstone completes ~$10B acquisition of AIR Communities at $39.12/share, taking it private ## Summary - All-cash deal valued at ~$10B including debt; $39.12 per share paid to common stockholders. - $2.65B mortgage loan obtained from bank syndicate; SOFR + 2.00%, matures June 2026 with two 1-yr extensions. - Board resigns: Keltner, Bohjalian, Finney-Cooke, Murphy, Paláu-Hernández, Rayis, Sperling, Nina Tran leave; Werner, Hamid, Reyes, McCallum, Cohn appointed. - NYSE delisting effective June 28, 2024; Form 25 filed, Form 15 to follow; Partnership to continue SEC reporting. - Special cash distribution of $7.70 per Partnership Common Unit paid ($79M total); valuation policy adopted for unit redemptions. ## SEC filing metadata - accession: 0001140361-24-032015 - form_type: 8-K - cik: 0001820877 - company_name: Apartment Income REIT Corp. - filed_at: 2024-07-01T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926660/000114036124032015/ny20031796x7_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001140361-24-032015 - JSON: https://secwatch.observer/filing/0001140361-24-032015.json - Plain text: https://secwatch.observer/filing/0001140361-24-032015.txt ## Key facts - Executive change Margarita Paláu-Hernández resigned as Director at Apartment Income REIT Corp.. - Action: resigned - Role: Director source text: each of Thomas L. Keltner, Thomas N. Bohjalian, Kristin Finney-Cooke, Devin I. Murphy, Margarita Paláu-Hernández, John D. Rayis, Ann Sperling and Nina A. Tran resigned from the board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Scott McCallum was appointed as Director at Apartment Income REIT Corp.. - Action: appointed - Role: Director source text: Jacob Werner, Asim Hamid, Richard Reyes and Scott McCallum, who are employed in Blackstone’s Real Estate Group, and Lisa R. Cohn, our President, General Counsel and Secretary, were appointed to the Board evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Devin I. Murphy resigned as Director at Apartment Income REIT Corp.. - Action: resigned - Role: Director source text: each of Thomas L. Keltner, Thomas N. Bohjalian, Kristin Finney-Cooke, Devin I. Murphy, Margarita Paláu-Hernández, John D. Rayis, Ann Sperling and Nina A. Tran resigned from the board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Nina A. Tran resigned as Director at Apartment Income REIT Corp.. - Action: resigned - Role: Director source text: each of Thomas L. Keltner, Thomas N. Bohjalian, Kristin Finney-Cooke, Devin I. Murphy, Margarita Paláu-Hernández, John D. Rayis, Ann Sperling and Nina A. Tran resigned from the board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Richard Reyes was appointed as Director at Apartment Income REIT Corp.. - Action: appointed - Role: Director source text: Jacob Werner, Asim Hamid, Richard Reyes and Scott McCallum, who are employed in Blackstone’s Real Estate Group, and Lisa R. Cohn, our President, General Counsel and Secretary, were appointed to the Board evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Jacob Werner was appointed as Director at Apartment Income REIT Corp.. - Action: appointed - Role: Director source text: Jacob Werner, Asim Hamid, Richard Reyes and Scott McCallum, who are employed in Blackstone’s Real Estate Group, and Lisa R. Cohn, our President, General Counsel and Secretary, were appointed to the Board evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Kristin Finney-Cooke resigned as Director at Apartment Income REIT Corp.. - Action: resigned - Role: Director source text: each of Thomas L. Keltner, Thomas N. Bohjalian, Kristin Finney-Cooke, Devin I. Murphy, Margarita Paláu-Hernández, John D. Rayis, Ann Sperling and Nina A. Tran resigned from the board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Thomas L. Keltner resigned as Director at Apartment Income REIT Corp.. - Action: resigned - Role: Director source text: each of Thomas L. Keltner, Thomas N. Bohjalian, Kristin Finney-Cooke, Devin I. Murphy, Margarita Paláu-Hernández, John D. Rayis, Ann Sperling and Nina A. Tran resigned from the board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Lisa R. Cohn was appointed as Director at Apartment Income REIT Corp.. - Action: appointed - Role: Director source text: Jacob Werner, Asim Hamid, Richard Reyes and Scott McCallum, who are employed in Blackstone’s Real Estate Group, and Lisa R. Cohn, our President, General Counsel and Secretary, were appointed to the Board evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Thomas N. Bohjalian resigned as Director at Apartment Income REIT Corp.. - Action: resigned - Role: Director source text: each of Thomas L. Keltner, Thomas N. Bohjalian, Kristin Finney-Cooke, Devin I. Murphy, Margarita Paláu-Hernández, John D. Rayis, Ann Sperling and Nina A. Tran resigned from the board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Asim Hamid was appointed as Director at Apartment Income REIT Corp.. - Action: appointed - Role: Director source text: Jacob Werner, Asim Hamid, Richard Reyes and Scott McCallum, who are employed in Blackstone’s Real Estate Group, and Lisa R. Cohn, our President, General Counsel and Secretary, were appointed to the Board evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change Ann Sperling resigned as Director at Apartment Income REIT Corp.. - Action: resigned - Role: Director source text: each of Thomas L. Keltner, Thomas N. Bohjalian, Kristin Finney-Cooke, Devin I. Murphy, Margarita Paláu-Hernández, John D. Rayis, Ann Sperling and Nina A. Tran resigned from the board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - Executive change John D. Rayis resigned as Director at Apartment Income REIT Corp.. - Action: resigned - Role: Director source text: each of Thomas L. Keltner, Thomas N. Bohjalian, Kristin Finney-Cooke, Devin I. Murphy, Margarita Paláu-Hernández, John D. Rayis, Ann Sperling and Nina A. Tran resigned from the board of directors evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm - M&A Transactions Apartment Income REIT Corp. underwent a change of control involving Apex Purchaser LLC, Aries Purchaser LLC, Astro Purchaser LLC and Astro Merger Sub, Inc., affiliates of Blackstone Inc. for $39.12 per share (closed 2024-06-28). - Action: change of control - Counterparty: Apex Purchaser LLC, Aries Purchaser LLC, Astro Purchaser LLC and Astro Merger Sub, Inc., affiliates of Blackstone Inc. - Consideration: $39.12 per share - Closing: 2024-06-28 source text: or Merger Sub, issued and outstanding immediately prior to the Effective Time was automatically cancelled and converted into the right to receive an amount in cash equal to $39.12 (the “ Common Stock Merger Consideration ”), without interest and less any applicable withholding taxes; • Stock Options : Each award of options to purchase Company Common Stock evidence_url: https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.